DeFy: P2P Crypto Lending

The debt market is a substantial industry, estimated to be of significant value and projected to grow further in the near future. However, its size is marred by inefficiencies due to a lack of transparency and trust. To address these issues, DeFy, a blockchain-based system, offers loans to borrowers using their cryptocurrency assets as collateral. Leveraging smart contract technology and a decentralized network, DeFy creates a secure and transparent lending environment that operates globally without intermediaries. Empowering users with autonomy to select preferred lenders through a robust bidding system, DeFy enhances transparency in the borrowing process and empowers borrowers to make informed decisions. This user-driven lending approach provides an efficient and secure means for borrowers to access capital without liquidating their cryptocurrency holdings, while allowing lenders to earn interest on their capital through the lending process.